A “swap” in forex means that the interest you either earn or pay for a trade that you keep open overnight. 

“Swap short” is when you keep a short position open overnight. The swap rate varies for each symbol as it's based on the difference between the interest rates of the central banks of the 2 currencies in the pair. 


The "Swap Short" fee can be calculated as follows: 

One Point * Trade Size * Swap Short in Points. 

EURUSD: 0.00001*100,000*5.28= $5.28

This means you would earn $5.28 in swaps for keeping 1 lot of EURUSD overnight. 

One Point = 0.00001 in EURUSD as point is the last digit in the price. 

Trade Size = Lots * 100,000 (Contract Size) = 100,000 

“Swap Short” in Points = 5.28 on a “Sell” position on EURUSD


On Wednesdays:

The swap charge is x3. (Charged for the coming weekend)

Desktop: Right-click on a “pair/instrument” in the Market Watch window and click/tap on "Specification".  

Mobile app: Swap values for different instruments can be checked in the “Symbol properties” section on the.  

On Wednesdays:

The swap charge is x3. 


Swap Long:

You keep a “Long” position open overnight. The swap rate varies for each pair/instrument since it's based on the difference between the interest rates of the central banks of the 2 currencies in the pair. 


The Swap Long fee can be calculated as follows: 

One Point * Trade Size * Swap Long in Points. 

EURUSD: 0.00001*100,000*1.08= 1.08 USD 

This means you would pay $1.08 in swaps for keeping 1 lot of EURUSD overnight. 

One Point = 0.00001 in EURUSD as point is the last digit in the price. 

Trade Size = Lots * 100,000(Contract Size) = 100,000 

Swap Long in Points = 1.08 on a Long position on EURUSD. 


On Wednesdays:

The swap charge is x3. (Charged for the coming weekend)

You can check the swap values for different pairs/instruments by going to the pair/instrument properties section on the mobile app.  

Desktop: Right-click on a “pair/instrument” in the Market Watch window and click/tap on "Specification".  

Mobile app: Swap values for different instruments can be checked in the “Symbol properties” section on the.